Iowa Code § 524.613
Prohibitions applicable to certain financial transactions involving directors
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2019
As of January 1, 2018
A director of a state bank shall not receive anything of value, other than compensation and expense reimbursement authorized by section 524.610, for procuring, or attempting to procure, any loan or extension of credit, as defined in section 524.904, to the state bank or for procuring, or attempting to procure, an investment by the state bank.
A director of a state bank shall not receive anything of value, other than compensation and expense reimbursement authorized by section 524.610, for procuring, or attempting to procure, any loan or extension of credit, as defined in section 524.904, to the state bank or for procuring, or attempting to procure, an investment by the state bank.
95 Acts, ch 148, §69; 2017 Acts, ch 138, §4
95 Acts, ch 148, §69; 2017 Acts, ch 138, §4
Subsection 2 stricken and former subsection 1 redesignated as an unnumbered paragraph
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.